Payments News

On The Web

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Buy Now, Pay Later Schemes To Double Their Market Share By 2023

March 4 2020

“A decline in the use of cash on delivery, pre-paid cards and PostPay services will also be perceived, but the influx and availability of Buy Now, Pay Later services will meet the requirements of consumers who need immediate payment options…The report also predicts that these services will earn nearly 3 percent of global ecommerce spend […]
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Reddit Has Become the Gospel of Personal Finance

March 4 2020

“If you look beyond the memes, cat videos, and quirky acronyms (TIL, OP, ELI5) you’ll find a treasure trove of resources that will help you quickly get acquainted with the topics that have long eluded you. For me, even though I worked on Wall Street for nearly 15 years, Reddit is the first place I […]
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MTA Extends Omny Payments to Manhattan Buses

March 4 2020

“Omny contactless card payment availability is being expanded to all local buses in Manhattan this month, New York’s Metropolitan Transportation Authority (MTA) has announced. “The expansion to Manhattan local buses represents a dramatic increase in points where it’s possible to use Omny to make free transfers between subways and buses, which is made fast and […]
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Grubhub Now Delivering Subscription Service

March 2 2020

“Grubhub is jumping on the subscription model bandwagon with its launch of Grubhub+, a membership program offering members unlimited free delivery for $9.99. Members also receive 10% cashback and donation matching to organizations like No Kid Hungry, according to a company press release.”
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Domains

Chinese Supply Chain Payments Fell Sharply Amid Coronavirus Outbreak

March 5 2020

“Tradeshift Inc., a San Francisco-based payments firm, announced that cross border and domestic supply chain payments in China fell by more than half in mid-February following the coronavirus outbreak. The data shows that trade activity in the region fell by 56% during the week of February 16th, following steady declines related to coronavirus. The report also […]
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Instagram founder launches gift card site for quarantined restaurants

March 20 2020

Coronavirus quarantines are hurting local businesses, but Instagram  co-founder Mike Krieger  wants to help them keep revenue rolling in. Krieger and his wife Kaitlyn this week launched SaveOurFaves, a directory of Bay Area restaurants selling gift certificates to offset lost income amidst “shelter in place” orders across the region. Users can search for restaurants or browse by neighborhood, and then […]
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On The Wires

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Wirecard and Klarna Launch Joint Payment Solution for Merchants

March 12 2020

“Wirecard, the global innovation leader for digital financial technology, and Klarna, a leading global payments and shopping provider, announced today the launch of a new enhanced joint payment solution. All three Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into merchants’ checkout via a single integration through the Wirecard […]
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Mastercard and Samsung Partner to Enable Digital Inclusion | Global Hub

March 13 2020

“Mastercard’s Pay on Demand platform is designed to accelerate digital inclusion by bringing together financial institutions, original equipment manufacturers and telcos to holistically solve issues that have limited device financing in emerging markets. In line with Mastercard’s principles for data responsibility , the solution allows consumers to access devices in a pay-as-you-go model.”